Productivity rises as output and hours fall
November 08, 2001
Productivity in the nonfarm business sector, as measured by output per hour, rose at a seasonally adjusted annual rate of 2.7 percent during the third quarter of 2001.
The increase in labor productivity occurred as output declined 1.0 percent and hours of all persons fell 3.6 percent. The decline in hours was the largest since the first quarter of 1991, when hours fell 4.8 percent, and the decline in output was the largest since the first quarter of 1993, when it fell 1.3 percent.
Productivity rose 2.2 percent in the second quarter of 2001, as output declined 0.4 percent and hours decreased 2.5 percent.
These data are a product of the BLS Quarterly Labor Productivityprogram. Data are subject to revision. Additional information is available in "Productivity and Costs, Third Quarter 2001," news release USDL 01-402.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity rises as output and hours fall on the Internet at http://www.bls.gov/opub/ted/2001/nov/wk1/art04.htm (visited September 05, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.